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The Independent UK

National

Michelle Chapman

Pfizer cuts full-year outlook due to declining sales of Covid-19-related products

Pfizer Covid-19

Copyright 2021 The Associated Press. All rights reserved

Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are in less than expected and cut revenue expectations for the year by $9 billion.

Falling sales of both clipped sales in the second quarter, but Pfizer said in August that it expected a rebound in the second half of 2023.

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